HuiOne Guarantee: The $11 Billion Cybercrime Hub of Southeast Asia

The report describes HuiOne Guarantee, a Cambodian-linked online marketplace used by cybercriminals to facilitate pig-butchering scams, money laundering, and the sale of scam infrastructure and illicit goods; Elliptic estimates merchants on the platform have processed at least $11 billion, and blockchain data suggests ties to organized crime in Southeast Asia and cryptocurrency flows involving North Korea’s Lazarus Group.